Financial topics

[aeden]

Hopium fumes as forumed a few days ago may of cleared for the window, will see rather soon anyway H.
I have been sorting and trimming positions as noted. Got some bids out when or if this caravan moves into deeper territory.
Seen enough fins for now with the hive attacks on baskets. Like I noted I was moving to higher ground and I have to recheck
some more numbers tonight. I would consider this period now the song of the Sirens. We trade our book not others. Looking for traction
in segments and even the Chicoms know it is time to simply walk to and clean up since it is crucial to long term viability.
I seen they had some flooding and some of the film I seen was simply heart breaking. I have read they have all the time in the world
to pay attention going forward on water issues and it must simply be. Been looking for energy margin groups to gain traction from the headwinds.

The query will entail seeking internal opportunity cost of operations and not blanketing observations with rigid fixed cost solutions.

[Reality Check]

Nancy Pelosi, Congressman from San Fransisco, has today proposed a federal law making it a class A felony for a fire truck armed with oversize tires to follow an unarmed child airline passenger to a hospital.

Congressman Pelosi attributed the emergency need for this critical federal legislation to the continued and historic hatred by Yellow Fire Trucks for unarmed children airline passengers who do not look like Yellow Fire Trucks.

Miss Pelosi cited the death of an unarmed child airline passenger on the runway of the San Fransisco International Airport by a Yellow fire truck armed with oversize lethal tires just this weekend and the more recent death of another child airline passenger in the hospital as the most recent events that forced her to act immediately. When ask if it might be wise to wait and find out if the child on the runway was already dead ( and obscured from view by fire fighting foam ) before being run over, and also wait to find out if a Yellow Fire Truck was anywhere near the hospital when the second child died of, as yet, unknown causes Congressman Pelosi was dismissive of the irrelevant questions.

Congressman Pelosi made clear that historic hatred and abuse of unarmed child airline passengers by Yellow Fire trucks was a settled historic fact and that such irrelevant questions by those who supported racial hatred would not be dignified by an answer.

If just one child could be saved by this emergency federal legislation it should be passed immediately. Only federal government legislation can save children from these hate filled Yellow Fire Trucks explained Congressman Pelosi. The people of the city of San Fransisco sent me to Congress to pass this type of important legislation protecting the children.

http://apnews.myway.com/article/20130713/DA7GH1PG2.html

[aedens]

When you see Iraq, Lebanon and Syria fall the seal will be open and the Vile Creature will go forth conquering and to conquer
Toward the east of Lebanon is Syria which will be the 3rd nation to be uprooted.

[Reality Check]

When you see Iraq, Lebanon and Syria fall the seal will be open and the Vile Creature will go forth conquering and to conquer
Toward the east of Lebanon is Syria which will be the 3rd nation to be uprooted.

At the moment it would appear that the U.S. is either siding with the non-Islamist Sunni's in Egypt or the faction of Islamist Sunni's aligned with Saudi Arabia and against the Muslim Brotherhood.

The fighting amongst rebels in Syria appears to be between Islamists Sunni militants in Syria, the non-Islamist Sunni leaders of the rebels in Syria. A war carried out by assasination of those who do not share their extremist religious belief. It reminds me of the Islamist junior ( rebel ) officers in Libya who assassinated the most effective non-Islamist rebel general ( the general they worked for on a day to day basis ) for the sole reason of eliminating potential effective non-Islamist leaders after the rebel cause won the war.

In that case, the Libiya case, the only reason the Islamist officers were in a position to assassinate the General was because the United States and western Europe forced the non-Islamist General to accept Islamists militant officers into his headquarters as part of his staff. Apparently the thought was if they worked together everybody would get along and forget their history of murdering those who disagreed with their extremist religious views.

In any case, given the gains by the non-Sunni coalition government in Syria, and the military coup in Egypt, and the continued support by the U.S. for a Shia government in Iraq, it is not clear which Sunni faction the U.S. is really supporting on the ground in the Middle East, and it is even less clear if any half measures support, which comes with politically correct strings ( such as a requirement to include Islamist militants in your headquarters staff ), by an Obama administration would help those Obama claims to want to support.

[aedens]

We can recheck Egypts status RC, after Damascus culminates.
http://osnetdaily.com/2013/07/egyptian- ... z-canal-2/
http://www.photius.com/countries/egypt/ ... olicy.html

[Higgenbotham]

http://www.politifact.com/truth-o-meter ... nt-our-ec/

Government spending is 42% of the US economy.

http://phx.corporate-ir.net/External.Fi ... lwZT0z&t=1

FedEx spends $4.7 bilion per year on fuel.

http://www.foxbusiness.com/industries/2 ... #ixzz2Yx9D

UPS said Friday morning adjusted earnings are expected to fall to $1.13 a share in the second quarter as a weakening U.S. economy weighed on second-quarter performance. That would reflect the first quarterly earnings decline for UPS in more than three years.

http://www.businessweek.com/news/2013-0 ... ar-zero#p1

Analysts lower earnings forecast to 1.8% and raise price forecasts to 8.9%.

[Higgenbotham]

Hopium fumes as forumed a few days ago may of cleared for the window, will see rather soon anyway H.

Hard to say. I cut 60% of my shorts for a 10 point loss. I thought the closing high of the Feb 1 to May 21 window should hold and apparently Cowan did too (http://www.cycle-trader.com). He really did highlight that May 21-28 window he notes 4 years ago. When it didn't hold the May closing high I decided to cut back and will exit the rest on a 20-25 pt pullback. Though I did notice the FedEx share price is acting in bellwether fashion just as it did at this time in 2007. I'd probably resell some near 1700. It may be overthrow off the momentum high like was seen after June 1, 2007. The swings may be wider.

[aedens]

anchored - davy jones attitude but will revisit the logic on his view as per the site you conveyed.

[Higgenbotham]

A few snippets from the late Friday Reuters news wire.

JPMorgan Chief Financial Officer Marianne Lake said rising mortgage rates could slash volume by 30 percent to 40 percent. That would result in a "dramatic reduction in profits" in the business, JPMorgan Chief Executive Officer Jamie Dimon said.

Wells Fargo also signaled that its streak of seven consecutive quarters of making more than $100 billion of home loans is likely coming to an end soon.

"We just don't think that we are going to see $100 billion of mortgage volume, given the current rates today, in the third quarter," Sloan said. "We will need to go ahead and make some adjustments."

Total loans at JPMorgan fell by $3 billion to $725 billion in the second quarter, while total loans at Wells Fargo rose only $2 billion to $802 billion - both compared with the first quarter.

Consumer loans were up only $250 million in the second quarter at Wells Fargo, and the bank's commercial clients did not exhibit any increased demand for credit.

According to minutes of the Fed's June policy meeting, around half of the 19 policymakers gathered there expected to end the quantitative easing program (QE) by late this year, while the other half wanted to keep buying bonds into next year.

That contrasts with the conditional timeline Bernanke articulated in a news conference after the meeting on June 19, when he said the Fed's 12-member policy-setting committee expects to end QE by mid-2014, as long as economic growth continues as expected.

Earnings are seen growing 2.8 percent in the second quarter, according to Thomson Reuters data, a far cry from the 8.4 percent growth forecast by analysts on January 1. Revenue is now seen growing 1.5 percent.

For every company that has said it expects positive earnings, 6.5 have lowered their forecasts, the worst positive-to-negative ratio since the first quarter of 2001.

Oil rebounded on Friday, led by the biggest surge in gasoline futures this year as a string of refinery outages stoked concerns about fuel supplies in the heart of the U.S. summer driving season.

News of unexpected glitches at two more refineries along the Atlantic Coast added to a string of problems this week across North America, further stoking the 15 percent surge in gasoline this month, the biggest such gain since March 2011.

RBOB gasoline futures jumped more than 12 cents in intraday trading. Front-month gasoline futures hit highs of $3.1455 per gallon before settling at $3.1175.

[aedens]

http://www.insiderinsights.com/insider- ... /real-time

http://news.morningstar.com/stockReturn ... turns.html

https://www.youtube.com/watch?v=iGiwwY3AMZo

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